Share - Delivering IT programme and revenue growth

Share’s FY17 results announcement continued the flow of encouraging news seen from previous updates. There was a strong increase in revenue and a move into modest normalised pre-tax profits. The IT investment programme is well underway and is becoming more visible as App enhancements and website improvements come on stream. Underpinning this are projects to strengthen infrastructure on which client service and the business depends. Operational gearing has the potential to bring the currently high prospective earnings multiples down rapidly.